GlobalFoundries Inc (NASDAQ: GFS) is -7.85% lower on its value in year-to-date trading and has touched a low of $29.77 and a high of $61.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GFS stock was last observed hovering at around $40.03 in the last trading session, with the day’s loss setting it -0.49%.
Currently trading at $39.54, the stock is 11.16% and 9.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing -1.22% at the moment leaves the stock -2.62% off its SMA200. GFS registered -24.87% loss for a year compared to 6-month loss of -7.40%.
The stock witnessed a 18.45% gain in the last 1 month and extending the period to 3 months gives it a -7.66%, and is 10.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.46% over the week and 3.26% over the month.
GlobalFoundries Inc (GFS) has around 13000 employees, a market worth around $21.86B and $6.79B in sales. Fwd P/E is 17.97. Profit margin for the company is -2.77%. Distance from 52-week low is 32.82% and -36.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.50%).
The EPS is expected to grow by 3.74% this year
The shares outstanding are 554.73M, and float is at 104.39M with Short Float at 8.60%.
The top institutional shareholder in the company is MUBADALA INVESTMENT CO PJSC with over 469.5 million shares valued at $23.74 billion. The investor’s holdings represent 84.7477 of the GFS Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 48.22 million shares valued at $2.44 billion to account for 8.7031 of the shares outstanding. The other top investors are MATRIX CAPITAL MANAGEMENT COMPANY, LP which holds 16.91 million shares representing 3.0532 and valued at over $855.22 million, while BLACKROCK INC. holds 0.7001 of the shares totaling 3.88 million with a market value of $196.1 million.
